Leggett & Platt Inc. has released an update outlining its strategic priorities and operational focus. The company emphasized its commitment to maintaining balance sheet strength, targeting a long-term Net Debt to Adjusted EBITDA ratio of 2.0x. Most excess cash flow for 2025 is planned to be used for debt reduction, with additional consideration for small strategic acquisitions and opportunistic share repurchases. The update also highlights recent restructuring initiatives, including the divestiture of a small U.S. machinery business, property sales, and the consolidation of a Specialty Foam production facility. Leggett & Platt continues to focus on margin improvement, operational efficiency, and disciplined capital allocation across its business segments, including Bedding Products, Work Furniture, Flooring Products, and Textile Products. The company notes its exposure to key economic indicators such as housing turnover, consumer confidence, and interest rates, and anticipates that improvements in these areas will support recovery in its residential businesses. You can access the full presentation through the link below. https://www.leggett.com